US present house gross sales in November collapsed by -38.6% YoY as M2 Cash development runs out of fuel.
The above chart is much like yesterday’s “Ski Slope” chart of US house costs YoY.
What is going to President Biden do about this dire state of affairs? Our “Vacationer in Chief” is off on one more trip to St. Croix within the US Virgin Islands, so in all probability nothing. Now that Biden is sunbathing, what’s going to his Treasury Secretary Janet Yellen do?
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